Yes , and the only reason I want 1080p on my phone is that I can watch full HD movies without down scaling...
But the fact is I watch more 720p than 1080p on mobile, be it phone or tablet.
So at the end of the day an 1080p screen is just for safeguarding .
That's why I don't really need anything higher resolution than 1080p on my mobile devices.
I have my larger desktop monitor to handle that